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Map
$3,500,000
●
Property -
For Sale
8570 Holloway Dr
West Hollywood, CA 90069
Studio
0 Bath
4003 Sqft
$17,186
Estimated Monthly
$0
HOA / Fees
About This Property
8570 Holloway Drive presents a unique and generational investment
opportunity in the heart of West Hollywood, where prime location
meets untapped potential. This charming triplex, situated one block
south of the iconic Sunset Strip at the intersection of Sunset Blvd
and La Cienega Blvd, offers investors a blank canvas with immense
promise. Nestled on a 7,708 SF lot zoned R4B, 8570 Holloway
currently comprises a front duplex and a vacant one-bedroom above
the garages, presenting a unique opportunity for income generation
while pursuing further development. The true allure of this
property lies in its development potential. According to a
BrickWork development report, the future owner can develop up to 8
units "by right" or 14 units by utilizing density bonus incentives
(buyer to verify). In addition, the existing front duplex presents
the perfect win-win opportunity. It is well-maintained by current
ownership, allowing the future owner to generate income while
undergoing the planning and development process. The front duplex
features (1) two-story 3-bdrm. and 2.5-bath unit and (1) two-story
2-bdrm. and 2.5-bath unit. Each charming residence features
spacious living and dining rooms perfect for entertainment,
skylights and wrap-around picture windows that allow for plenty of
natural light, a shared deck overlooking a lush and well-landscaped
backyard, and an office space. Please note, the front duplex may be
delivered VACANT upon COE. 8570 Holloway is a rare find in the
highly sought-after West Hollywood market. With its prime location,
untapped potential, and iconic allure of West Hollywood, the
property combines immediate income potential with the promise of
substantial future gains through development.
The manager has listed the unit size as 4003 square feet.
The manager has listed the unit size as 4003 square feet.
Unit Size
4,003Ft²
Days on Market
58 days
Land Size
-
Price per sqft
$874
Property Type
Property
Property Taxes
-
HOA Dues
-
Year Built
1939
Listed By
Last updated: 2 months ago (CLAWCA #363935)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 1, 2024 | Listed by Compass | $3,500,000 | |
Listed by Compass |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
6
Beds
5.5
Baths
4,581 ft²
$741/ft²
$3,395,000
Oct 10, 2023
-
-
Active
Townhouse
2
Beds
3
Baths
2,518 ft²
$1,269/ft²
$3,195,000
Feb 21, 2024
-
$650/mo
Active
House
2
Beds
3.5
Baths
2,386 ft²
$1,530/ft²
$3,650,000
Jan 5, 2024
-
-
Active
Condo
3
Beds
3.5
Baths
2,400 ft²
$1,313/ft²
$3,150,000
Jun 5, 2023
-
$2,727/mo
Active
Condo
1
Bed
2
Baths
1,672 ft²
$2,019/ft²
$3,375,000
Jan 26, 2024
-
$2,987/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/08/2023
|
|
Loft
|
-
|
4003 ft²
|
$3,950,000
Loft
-
4003 ft²
|
-
-
|
-
|
Max Berger
Compass
|
Building Info
8570 Holloway Drive
8570 Holloway Drive, West Hollywood, CA 90069
- 1 Unit for Sale
About West Hollywood
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